We already knew that Samsung is working on a phone with foldable display (internally dubbed Project Valley) and will launch it sometime next year. Now, a new report from Bloomberg reveals that not one but two such devices are in the works at the South Korean company.

The report notes that one of the two devices "folds in half like a cosmetic compact," while the other sports a 5-inch screen in folded form, with the display size increasing to as large as 8-inch when the handset is unfolded.

The report also says that one or both devices could be unveiled at next year's Mobile World Congress (MWC) in Barcelona.